TIP: If you don't do this...do it and possibly become a better FX trader.
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So what's the tip?
Go back over all of your losing trades and find out what exactly went wrong. If you can't figure out what exactly went wrong...perhaps your technique (aka strategy) needs a little tweaking or you need to be just a little more patient.
I've been doing this with each of my losing trades and what I find is that most of the time...if I was just a little more patient and carried the trade for a few more hours it would've turned around quite well! Other times I tried to guess instead of following my system. (aka trying to get in a little to soon without confirmation).
PS: most of us know this, but it's a nice littler reminder, especially to those that don't do it or seldom do it.
-------------------------------
So what's the tip?
Go back over all of your losing trades and find out what exactly went wrong. If you can't figure out what exactly went wrong...perhaps your technique (aka strategy) needs a little tweaking or you need to be just a little more patient.
I've been doing this with each of my losing trades and what I find is that most of the time...if I was just a little more patient and carried the trade for a few more hours it would've turned around quite well! Other times I tried to guess instead of following my system. (aka trying to get in a little to soon without confirmation).
PS: most of us know this, but it's a nice littler reminder, especially to those that don't do it or seldom do it.